From the current market perspective, the Bitcoin daily chart shows a large bearish candle piercing the middle track, with a relatively full body and a large space base, breaking the previous consecutive bullish pattern. The upper and lower shadows are clearly visible, indicating a lack of continuity in the current market. In the four-hour structure, after three consecutive bearish candles, the price ratio has once again entered a fluctuating operation. Due to the rapid price drop entering the correction phase, the market is filled with despair, and trading volume is gradually decreasing. Therefore, the market is in a fluctuating operation, and it is advised to consider shorting at high levels.

In the morning, Bitcoin can be shorted between 118500-119000, targeting around 117000, while Ethereum can be shorted between 4550-4570, targeting around 4450. #美国7月PPI年率高于预期